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- currencyexch replied Jun 3, 2009
g/U selling off quicly, G/J can't just hit to much longer as everyone is talking about correction and strong dollar. G/J should follow suit I was targeting 156.12
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 3, 2009
I would if I could or k new how to. I use the multiple charts off of fxstreet. It enables me to use Ichimoku Cloud which when I use it and my head and not the emotions I do OK. Right now I jjust shorted G/U based on current down trend. I rely on ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 3, 2009
Seems when I do that I get whipsawed and spanked hard. And when I see the breakout more time then not the pullback is after a large move missing positive pips. Guess can burned to on false breakout but if this sucker breaks it normally does it big. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 3, 2009
breakout short???? — What's the danger is setting a short at 156.60 in anticipation of breakout of lows. Low on 6/2 was 156.86 and today 156.72 and today 156.67. Don't know waht the percentages is of playing a breakout. I've heard pros and cons
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 3, 2009
All I seem to do is chase the damn car and always late for the dance.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 3, 2009
Lately whent the dow goes down it hasn't had any effect on this pair. No risk aversion here Although logic say to short this thing if it gets to 1.5750 - 1.5770
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 3, 2009
Seems only on this pair All Aud pairs are moving, Eur pairs and G/U moving down and U/J steady moving up so go figure I thought G/J would have been at 1.5650 yesterday
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 3, 2009
If G/U is any indicator G/J make break 1.5690 G/U is retracing based on fibs using 5/29 as low. Using that put G/J arouund 1,5697 at 50% retrace, which is about where we're at it may visit the 61% which is what G/U has been doing all morniing then ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
Doesn't the chart look like Schematic 3, It's just hovering around, just below the high of the day and year.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
I'm intrigues that the pair has not fallen off that much from the high. Suspect it is not done moving to the UTL of daily chart around 166
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
I thank you and the short idea was dumb as I saw the chart but thought a correction was in order and blew the opportunity and the stayed in the retracement mode which burned me and never materialized. I should have trusted the chart. That said it ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
Thought I had one but since this rocketed with no RESISTANCE to reference I wasn't going to chase the thing and only shorted at the next dollar amount anticipating that might serve as some resistance. Can I ask what time frame you use to trade. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
NOW What? — OK so I can learn and make some money back. Now it has started to come down, but since I've been burned so much shorting I don't want to ddo that again. Given the severe rise, where would one go long and then now I'm suspect that ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
Thanks I'll check it out. I'm not sure it is emotions but generally pick wrong direction. Seems when I get direction right it's only for little money and when I increase lots I get hammered and of course it reverses what I made and then some. It's ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
The problem I've been having, as in this situation, as soon as I go long the trade goes in the other direction. Seems most of the time on the outside looking in and still paying the admission price and not seeing what the inside looks like, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
and I feel like, no I am an idiot, for not jumping on board earlier seeing the move and then some alleged pro says the trend is not your friend, dah. Worked hard last week to get my account back up while almost getting wiped out and damn near get ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
Tell Me — Somebody tell me when to go short as today has burned me bad and stung on another 80 pips. Took me for a huge percentae today, not good. I'm stunned. I guess in hind sight there was no reasson to short as no evidence existed anywhere ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
Somebody's manipulating something, the only other pair seeingg this kind of action is GBP/CHF and it appears no end in site. I haven't been around that long but a yeaar and can say I haven't seen anything like this excpet a month ago when the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
I don't think ther is much doubt that 160 won't be tried, that is the target on the daily UPTL, hopefully can make some pips shorting this thing at the 157.85 I'm in at first.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- currencyexch replied Jun 1, 2009
Congratulations!!! That's great Now you are elected to give the tip of the day. I'm not being sarcastic here. Obviously you saw something or you're luckier then hell
Auslanco - GBP/JPY and GBP/USD (newstrade)